Charles Hoskinson, founder of Cardano (ADA), issued a warning regarding the ongoing governance budget vote. He stated via his social media that “if this research and infrastructure-related budget (Treasury) proposal is ultimately rejected, Cardano will lose the core developer groups it has built up over time,” adding, “consequently, the network's flagship development group will also have no choice but to close.” Currently, the $46.8 million budget proposal requested by Input Output (IO), a developer for the Cardano ecosystem, is facing difficulties, falling significantly short of the 67% quorum required for approval due to strong opposition and abstentions from governance representatives (DReps). Hoskinson emphasized that “the technological foundation built with immense effort over the past 10 years is at risk of collapsing,” and stressed that this budget proposal is an essential measure to protect the ecosystem's future technological capabilities, regardless of his personal involvement.
